Cradle Beach Inc

Analysis

Cradle Beach Inc is a registered charity in United States, based in Angola, NY. It received its IRS tax-exemption ruling in August 1942, 84 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Cradle Beach Inc reported income of $2.2m and spending of $2.3m, spending 103% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $2.5m to $2.2m (-9.9%), an average of -2.6% a year. The sharpest change came in the year to October 2020, when income dropped by 35%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cradle Beach Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Puget Sound Premier League ($2.2m), Harpers Playground ($2.2m) and Phelps Community Center Inc ($2.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 43% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $144k (6.2% of expenses). Other salaries and wages came to $948k. At year end it held assets of $6.2m against liabilities of $272k, net assets of $6.0m. It reported 158 employees.